Mission Advancement Corp.

General Information
Business:

We are focused on the intersection of consumer and impact. We will seek to identify a business in the consumer sector that will benefit from The Najafi Companies’ (“Najafi”) extensive investment and operational expertise, as well as the strategic involvement of our Co-Sponsor and Co-Chairman, Mr. Colin Kaepernick (“Kaepernick”), a globally recognized athlete, accomplished investor and entrepreneur, and dedicated philanthropist who has mobilized an international following in response to his social and cultural leadership. We intend to target entities whose individual enterprise value is north of approximately $1 billion with a focus on high quality brands with scalable business models and a direct relationship with an established customer base in the United States

Najafi and Kaepernick’s commitment to their social mission is reflected in the formation of the independent board, made up of 100 percent Black, Indigenous and people of color (BIPOC) and has a female majority. Ava Duvernay, the first African American woman to win Best Director at the Sundance Film Festival, is a board member. 

More from the prospectus: “In addition, our team has indicated an intent to launch an initiative in connection with the consummation of our initial business combination to provide opportunities for college students from underrepresented communities to gain access to fellowships and full-time opportunities in business and finance.”

(Note: Mission Advancement Corp. upsized its SPAC IPO at pricing on March 2, 2021: 30 million units, up from 25 million, at $10 each to raise $300 million.) 

Industry: Blank Checks
Employees: 0
Founded: 2020
Contact Information
Address 2525 E Camelback Rd, Ste 850 Phoenix, AZ 85016
Phone Number 609-474-0600
Web Address
View Prospectus: Mission Advancement Corp.
Financial Information
Market Cap $362.5mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol MACC.U
Exchange NYSE
Shares (millions): 30.0
Price range $10.00 - $10.00
Est. $ Volume $300.0 mil
Manager / Joint Managers Cantor/ Moelis & Company
CO-Managers Loop Capital Markets
Expected To Trade: 3/3/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change